MICROFORCE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MICROFORCE
Largest movements
- Receivables within one year -€164,240
down €164,240 (-82.3%), from €199,631 to €35,390
of which Other amounts receivable: -€180,495
- Cash +€36,340
up €36,340 (+31.8%), from €114,434 to €150,775
mainly Receivables within one year (+€164,240) and Depreciation (+€31,458)
- Stocks and contracts -€30,416
down €30,416 (-8.0%), from €378,743 to €348,327
- Tangible fixed assets -€28,922
down €28,922 (-35.3%), from €82,011 to €53,089
of which Furniture and vehicles: -€25,660
- Financial fixed assets -€18,600
down €18,600 (-25.7%), from €72,436 to €53,836
- Other debts -€159,041
down €159,041 (-82.8%), from €192,183 to €33,142
- Trade debts -€17,946
down €17,946 (-61.8%), from €29,036 to €11,090
- Short-term financial debts -€15,000
down €15,000 (-4.6%), from €325,000 to €310,000
- Debts after one year -€14,996
down €14,996 (-100.0%), from €14,996 to €0
- Accrued charges and deferred income -€14,226
down €14,226 (-100.0%), from €14,226 to €0
- Gross operating margin -€65,219
down €65,219 (-18.1%), from €361,156 to €295,938
- Staff costs -€30,541
down €30,541 (-13.7%), from €223,645 to €193,104
- Financial charges -€20,205
down €20,205 (-30.6%), from €66,089 to €45,885
of which Non-recurring financial charges: -€11,400
- Taxes -€11,656
down €11,656 (-52.9%), from €22,031 to €10,374
- Financial income -€10,587
down €10,587 (-97.3%), from €10,879 to €292
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €875,139 | €661,365 | -€213,774 | -24.4% |
| Fixed assets | 21/28 | €160,731 | €110,673 | -€50,058 | -31.1% |
| Intangible fixed assets | 21 | €6,285 | €3,749 | -€2,536 | -40.4% |
| Tangible fixed assets | 22/27 | €82,011 | €53,089 | -€28,922 | -35.3% |
| Land and buildings | 22 | €233 | €46 | -€187 | -80.4% |
| Plant, machinery and equipment | 23 | €10,890 | €7,815 | -€3,074 | -28.2% |
| Furniture and vehicles | 24 | €70,888 | €45,228 | -€25,660 | -36.2% |
| Financial fixed assets | 28 | €72,436 | €53,836 | -€18,600 | -25.7% |
| Current assets | 29/58 | €714,407 | €550,692 | -€163,716 | -22.9% |
| Stocks and contracts in progress | 3 | €378,743 | €348,327 | -€30,416 | -8.0% |
| Stocks | 30/36 | €378,743 | €348,327 | -€30,416 | -8.0% |
| Amounts receivable within one year | 40/41 | €199,631 | €35,390 | -€164,240 | -82.3% |
| Trade receivables | 40 | €11,531 | €27,785 | +€16,255 | +141.0% |
| Other amounts receivable | 41 | €188,100 | €7,605 | -€180,495 | -96.0% |
| Cash at bank and in hand | 54/58 | €114,434 | €150,775 | +€36,340 | +31.8% |
| Deferred charges and accrued income | 490/1 | €21,600 | €16,200 | -€5,400 | -25.0% |
| Total equity and liabilities | 10/49 | €875,139 | €661,365 | -€213,774 | -24.4% |
| Equity | 10/15 | €185,178 | €188,231 | +€3,054 | +1.6% |
| Contributions | 10/11 | €109,390 | €109,390 | = | 0.0% |
| Reserves | 13 | €75,788 | €78,841 | +€3,054 | +4.0% |
| Distributable reserves | 133 | €75,788 | €78,841 | +€3,054 | +4.0% |
| Amounts payable | 17/49 | €689,961 | €473,134 | -€216,827 | -31.4% |
| Amounts payable after more than one year | 17 | €14,996 | €0 | -€14,996 | -100.0% |
| Financial debts | 170/4 | €14,996 | €0 | -€14,996 | -100.0% |
| Amounts payable within one year | 42/48 | €660,740 | €473,134 | -€187,606 | -28.4% |
| Current portion of amounts payable after more than one year | 42 | €15,713 | €14,996 | -€717 | -4.6% |
| Financial debts | 43 | €325,000 | €310,000 | -€15,000 | -4.6% |
| Credit institutions | 430/8 | €325,000 | €310,000 | -€15,000 | -4.6% |
| Trade debts | 44 | €29,036 | €11,090 | -€17,946 | -61.8% |
| Suppliers | 440/4 | €29,036 | €11,090 | -€17,946 | -61.8% |
| Advances received on contracts in progress | 46 | €158 | €158 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €98,649 | €103,748 | +€5,099 | +5.2% |
| Taxes | 450/3 | €55,904 | €67,490 | +€11,586 | +20.7% |
| Remuneration and social security | 454/9 | €42,745 | €36,258 | -€6,487 | -15.2% |
| Other amounts payable | 47/48 | €192,183 | €33,142 | -€159,041 | -82.8% |
| Accrued charges and deferred income | 492/3 | €14,226 | €0 | -€14,226 | -100.0% |
| Non-recurring operating income | 76A | €18,000 | €0 | -€18,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €223,645 | €193,104 | -€30,541 | -13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,676 | €31,458 | +€5,782 | +22.5% |
| Other operating charges | 640/8 | €13,950 | €12,355 | -€1,595 | -11.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €361,156 | €295,938 | -€65,219 | -18.1% |
| Operating profit (loss) | 9901 | €97,886 | €59,021 | -€38,865 | -39.7% |
| Financial income | 75/76B | €10,879 | €292 | -€10,587 | -97.3% |
| Recurring financial income | 75 | €10,879 | €292 | -€10,587 | -97.3% |
| Financial charges | 65/66B | €66,089 | €45,885 | -€20,205 | -30.6% |
| Recurring financial charges | 65 | €36,089 | €27,285 | -€8,805 | -24.4% |
| Non-recurring financial charges | 66B | €30,000 | €18,600 | -€11,400 | -38.0% |
| Profit (loss) for the period before taxes | 9903 | €42,675 | €13,428 | -€29,247 | -68.5% |
| Income taxes | 67/77 | €22,031 | €10,374 | -€11,656 | -52.9% |
| Profit (loss) for the period | 9904 | €20,645 | €3,054 | -€17,591 | -85.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,645 | €3,054 | -€17,591 | -85.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.